On Tuesday 28 January 2020, DG ECFIN will organise its annual workshop on fiscal policy, dedicated this year to "Fiscal rules in Europe: Design and Enforcement". The workshop will be a one-day event with high-profile speakers and discussants from academia and international institutions.

The workshop will be structured in two parts. The first session will concentrate on the design of fiscal rules. The second session will focus on how to apply and enforce fiscal rules. The sessions will be followed by a high-level policy panel.

DownloadPDF - 362 KB

The on-line registration will be open from Monday 30 September 2019 until Friday 6 December 2019.

Please note that due to limited seating availability, participation will be confirmed by e-mail by Friday 13 December 2019 and only those who receive confirmation can attend the event.

Contact: ECFIN-FISCAL-POLICY-2020@ec.europa.eu

Practical information

When
Tuesday 28 January 2020, 8.30 - 17.45 (CET)
Where
Charlemagne building, Room: tbd, Rue de la Loi 170
1000 Brussels
Belgium
Attend

Agenda

  • 08.30 - 09.00 (Europe/Brussels)

    Registration and welcome coffee

  • 09.00 - 09.15

    Introduction: TBA

  • 09.15 - 10.15

    KEYNOTE SPEECH: Vítor Gaspar (International Monetary Fund)

  • 10.15 - 10.30

    Coffee break

  • 10.30 - 12.30

    SESSION I – FISCAL RULES: HOW TO DESIGN THEM? – Chair: Lucio Pench (DG ECFIN)

  • 10.30 - 11.10

    Effects of Austerity: Expenditure- and Tax-based Approaches – Francesco Giavazzi (Bocconi University), Alberto Alesina (Harvard University), Carlo Favero (Bocconi University)

    Discussant: Adi Brender (Bank of Israel)

  • 11.10 - 11.50

    The Stability and Growth Pact’s Debt Rule Revisited – Christophe Kamps (European Central Bank), Sebastian Hauptmeier (European Central Bank)

    Discussant: Martin Larch (European Fiscal Board)

  • 11.50 - 12.30

    European Fiscal Rules Require a Major Overhaul – Philippe Martin (Sciences Po), Xavier Ragot (Sciences Po), Zsolt Darvas (Bruegel)

    Discussant: Ludger Schuknecht (Organisation for Economic Co-operation and Development)

  • 12.30 - 13.45

    Lunch break

  • 13.45 - 15.35

    SESSION II – FISCAL RULES: HOW TO ENFORCE THEM? – Chair: Mary Veronica Tovšak Pleterski (DG ECFIN)

  • 13.45 - 14.15

    Impulse - Fiscal Rules and Financial Markets: Complements or Substitutes? – Silvia Ardagna (Goldman Sachs)

  • 14.15 - 14.55

    Fiscal Rules: Theory and Application – Pierre Yared (Columbia University), Marina Halac (Yale University)

    Discussant: Eckhard Janeba (University of Mannheim)

  • 14.55 - 15.35

    Under Threat: Rules-Based Fiscal Policy and How to Preserve It – Xavier Debrun (National Bank of Belgium), Lars Jonung (Lund Uiversity)

    Discussant: Marketta Henriksson (Ministry of Finance, Finland)

  • 15.35 - 16.00

    Coffee break

  • 16.00 - 17.30

    HIGH-LEVEL POLICY PANEL: THE FUTURE EVOLUTION OF THE EU FISCAL FRAMEWORK

    Moderator: TBA

    Panellists: Marco Buti (ECFIN), Vítor Gaspar (International Monetary Fund), Philip Lane (European Central Bank), Niels Thygesen (European Fiscal Board)

  • 17.30 - 17.45

    CONCLUSION